Municipal Advisor Disclosure

Municipal Advisor Disclosure to Underwriters

The Sales Tax Asset Receivable Corporation (“STAR”) has retained a municipal advisor who will represent STAR and who STAR will rely on to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products generally (including investments of bond proceeds and escrow investments).

Through September 30, 2019, Public Financial Management, Inc. (“PFM”) serves as STAR’s municipal advisor. PFM’s contact person is Adela Cepeda.

Pending approval by STAR’s Board of Directors, effective October 1, 2019 through September 30, 2022, STAR’s municipal advisor will be Acacia Financial Group (“Acacia”). Acacia’s contact person is Noreen White.

Accordingly, this certificate may be relied upon until September 30, 2022, or until its earlier withdrawal (notice of which will be posted on this website). If a proposal received will be seriously considered by STAR, STAR will share the proposal with its municipal advisor. STAR makes no representation as to the independence of its municipal advisor with respect to any individual municipal market participant.